If they increase their spend from the previous Qtr & it's the...

If they increase their spend from the previous Qtr & it's the same burn rate at Q2 2022. They'll need to do a raise in Q4 or Q1 2024.

RPM turned out to be a dud so they may not need to commit to the previous program presented. But without RPM it'll be hard to garner any interest it what is a full blown bear market for small cap gold stocks.

I don't know why people keep implying NVA with 85% ownership at a $60MC valuation is cheap. When investors can buy Rio2 which is a large resource, higher grade project, heap leach simple project. Sure they had setbacks with their first EIA application and going through round 2 now, but were basically fully funded leading into production. I'd argue and say that NVA is in a jurisdiction and location that is much harder to get permitted.

However there are some that compare NVA to DEG and say NVA is cheap.